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BA 622 MVSU Cost Per Unit Managerial Accounting Analysis Questions
- Identify the upstream and downstream costs.
- Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP.
- Determine the sales price assuming that Finch desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries.
- Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c.
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